AllAnalyst Report
logoMorningstarJanuary 21, 2021

Truist Financial Corporation: Truist's Merger Expense Targets Remain On Track Through Q4, Overall Profitability Targets Unchanged

Symbols
TFC
Sector(s)
Financial Services
Rating
Premium
Current Price
$56.86
Fair Value
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Economic Moat
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Stewardship
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Summary

Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.

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Analyst Profile

Eric Compton

Equity Analyst
Eric Compton, CFA, is an equity analyst for Morningstar Research Services LLC, covering the U.S. and Canadian banking sectors, including the U.S. money center banks, U.S. regional banks, and the Big Six Canadian banks.Before joining Morningstar in 2015, Compton was a business analyst for ESIS, a global provider of risk management products and a subsidiary of ACE Group. Compton holds a bachelor's degree in applied health science from Wheaton College. He has passed all three levels of the Chartered Financial Analyst® program and holds the Chartered Financial Analyst® designation.